Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States. The company operates four iron ore mines in Michigan and Minnesota. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

Outperform Votes

Underperform Votes

Community Sentiment

Cleveland-Cliffs has received 62.31% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Cleveland-Cliffs and other stocks. Vote “Outperform” if you believe CLF will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CLF will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.0 Company Ownership

In the past three months, Cleveland-Cliffs insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,066,650.00 in company stock and sold $0.00 in company stock.

Miscellaneous

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Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions

How has Cleveland-Cliffs' stock been impacted by COVID-19 (Coronavirus)?

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CLF shares have increased by 44.3% and is now trading at $6.48. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cleveland-Cliffs.

When is Cleveland-Cliffs' next earnings date?

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings results on Monday, May, 11th. The mining company reported ($0.18) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.18). The mining company earned $324.50 million during the quarter, compared to the consensus estimate of $366.23 million. Cleveland-Cliffs had a net margin of 11.99% and a return on equity of 63.19%. The firm's quarterly revenue was up 106.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) earnings per share. View Cleveland-Cliffs' earnings history.

How often does Cleveland-Cliffs pay dividends? What is the dividend yield for Cleveland-Cliffs?

Cleveland-Cliffs announced a quarterly dividend on Tuesday, February 18th. Shareholders of record on Friday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, April 2nd. View Cleveland-Cliffs' dividend history.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its board has authorized a share buyback program on Monday, November 26th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

What guidance has Cleveland-Cliffs issued on next quarter's earnings?

Cleveland-Cliffs issued an update on its first quarter 2020
Pre-Market earnings guidance on Wednesday, April, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $345-375 million.

What price target have analysts set for CLF?

9 equities research analysts have issued 12 month price targets for Cleveland-Cliffs' stock. Their forecasts range from $4.00 to $12.00. On average, they expect Cleveland-Cliffs' share price to reach $8.89 in the next twelve months. This suggests a possible upside of 37.2% from the stock's current price. View analysts' price targets for Cleveland-Cliffs.

Has Cleveland-Cliffs been receiving favorable news coverage?

News headlines about CLF stock have trended somewhat positive on Sunday, InfoTrie reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave news stories about the mining company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutCleveland-Cliffs.

Which major investors are buying Cleveland-Cliffs stock?

CLF stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Geode Capital Management LLC, Merriman Wealth Management LLC, Bank of New York Mellon Corp, SG Americas Securities LLC, Principal Financial Group Inc., Voloridge Investment Management LLC, and Nuveen Asset Management LLC. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Michael D Siegal, and Robert P Fisher Jr. View insider buying and selling activity for Cleveland-Cliffs.

How do I buy shares of Cleveland-Cliffs?

Shares of CLF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $6.48.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.58 billion and generates $1.99 billion in revenue each year. The mining company earns $292.80 million in net income (profit) each year or $1.12 on an earnings per share basis. Cleveland-Cliffs employs 2,372 workers across the globe.